PETRONAS CHEMICALS GROUP BHD
KLSE (MYR): PCHEM (5183)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
6.71
Today's Change
0.00 (0.00%)
Day's Change
6.65 - 6.74
Trading Volume
8,559,700
Prices
| Date | Open | High | Low | Close | Change | Volume |
|---|
Discussions
10 people like this. Showing 50 of 4,067 comments
Thanks @ Mabel for the info
look like Pchem future is promising, bought some this morning@ RM 6.80
2 months ago
Petrochemical industries in Europe is facing challenge of lifetime due to escalation cost in EU and cheaper China Petrochemical coming into market.
Pchem is only profitable due to Petronas support of cheaper NG cost.
2 months ago
This means like glove industry/ car
Industry… any thing China touch .it
Will be hyper competitive!?
2 months ago
Haha today Mabel collect more at RM 6.71 and RM 6.70..
Hopefully can make some Duit Raya..
2 months ago
Petrochemicals had historically been an exception to Beijing’s general push to be self-sufficient in basic materials, but the new plants being built by Rongsheng, Hengli and even offshore players such as BASF SE are changing that picture. As a result, traditional trade deficits in most downstream oil derivatives are turning into substantial surpluses:
A crucial question for the direction of the global climate is how the rest of the world now responds. Executives running petrochemical facilities outside China are facing glutted markets erasing their profit margins. The EU in November imposed anti-dumping duties on Chinese products made from PET, the type of plastic derived from polyethylene that’s widely used in bottles.
In Europe, competition from the influx of low-cost Chinese products in recent months has been an issue for chemicals producers on a par with the disappearance of cheap Russian gas as feedstock. “We see imports from China coming in, in an order of magnitude like never before," BASF chairman Martin Brudermüller told an investor call last month.
Right now, plants outside China are still holding on and pumping out products at a loss, in the hope that global consumption of plastics will eventually catch up. There’s no guarantee when, or even whether, that happens. Should the global chemicals sector capitulate to the tidal wave of polymers flowing out of China and shut down, 2024’s demand surge might look like oil’s last gasp, before decline and fall set in.
More From Bloomberg Opinion:
1 month ago
How’s your serba dinamik battleships, Mabel? Now sound like you betting big in Pchem? Going against the boycotting Petronas business by the revengeful Malay?
1 month ago
James_Bond How’s your serba dinamik battleships, Mabel? Now sound like you betting big in Pchem? Going against the boycotting Petronas business by the revengeful Malay?
07/04/2024 12:37 PM
Haha Mr Bond,
Mabel thought Mr Bond should know everything...
Been in and out of SD many times. BUY LOW SELL HIGH and oledi locked profits.
Haha there are currently 3 types of Investors in Serba:
1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors
The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally, Nov and Dec 2022 Pull Back. The Biggest loser are in Category 2 who freeze like Old Monks when they are supposed to take massive Price Action when it matters...
Meow
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD
Dec 29, 2022 10:51 AM | Report Abuse
whizzkid
Mabel is the best! I knew it..
15/07/2022 12:40 PM
Haha of course Mabel is the best..
Now you know why Blondi and Huang always loves to follow Mabel across i3 and walk 3 steps behind Mabel..
Keep pumping..
Meow Meow Meow
Stock: [SAPNRG]: SAPURA ENERGY BERHAD
Feb 22, 2024 10:31 AM | Report Abuse
#TalkNumberOne Mabel why siao lang sniffing you from behind all the time? Hahaha😂😂😂😂😂
22/02/2024 8:51 AM
Hahaha...what do you expect from an Auntie who has been hibernating for 7 years?
Sure finish one after wake up...hihihi...
1 month ago
no worries, their management is confident that the industry will experience an upward cycle as the economy rebounds and demand aligns with supply, given the company's long-term commitment
1 month ago
Do you know that Petronas is the Best Brand O&G Company in the World?
Check it out...
1 month ago
Do you know that Petronas is the Best Brand O&G Company in the World?
Check it out...
1 month ago
If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong
Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst
Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”
1 month ago
Geopolitics will hold the focus of markets to start the week after Iran's attack on Israel. An Israeli military spokesman said the country is prepared to do "whatever is necessary" in its defense. Tehran said it would attack with greater force if there was retaliation. Late Friday saw a flight to safety with money moving from equities to bonds and gold. Oil also gained on possibilities of production disruption in the Middle East.
1 month ago
Israel says it will respond to Iran attack 'when time is right' 😶
https://www.bbc.com/news/world-middle-east-68814391
1 month ago
What Matters is PCHEM is listed in Bursa Hall of Fames...
Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62
To Our Success!
Meow
1 month ago
last week Pchem AGM MSWG and Shareholders Q&A :
1. https://www.petronas.com/pcg/sites/default/files/2024-03/Reply%20Letter%20to%20MSWG%20-%20PETRONAS%20Chemicals%20Group%20Berhad.pdf
2. https://www.petronas.com/pcg/sites/default/files/2024-04/Answers%20Script%20for%2026th%20PCG%20AGM%20QnA_For%20Upload.pdf
1 month ago
PCG’s dividend is based on Dividend Policy where the payout ratio is around 50% of Group PATANCI (Profit After Tax and Non-Controlling Interests).
In deciding the dividend payment, the Board and Management takes into account the Company’s earnings, working capital and capital growth requirements as well as other factors to ensure prudent cash management.
Overcapacity, increasing competition forcing reducing margin, slow growth of market demand and etc is expected for the next few years
What do you expect Group PATANCI and dividend will be for the next few years?
1 month ago
Urea futures fell to around $290 per tonne, reaching an over 3-year low, as lower natural gas and ammonia prices continued to offer fertilizer producers cost-effective feedstock. Abundant global natural gas supply, spurred by a mild winter, enabled manufacturers to ramp up production, aiding farmers in replenishing their reserves. Additionally, subdued demand for ammonia lowered expenses for fertilizer producers. At the same time, India, one of the world's largest consumers, plans to stop importing urea by the end of 2025, citing concerns about soil fertility and human health. The country's imports already decreased by 21% in 2023.
https://tradingeconomics.com/commodity/urea
2 weeks ago
Indonesia is likely to start operations of 22 petrochemicals projects from 2021 to 2025, mainly driven by strong demand for plastics and fertilizers, according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, ‘Petrochemicals New Build and Expansion Projects Market Size, Share & Trends Analysis report by type, region, key commodities, and key countries forecasts and analysis 2021–2025’ reveals that out of the 22 projects expected to commence operations in Indonesia, four will be methanol projects, followed by three polypropylene projects.
Bhargavi Gandham, Oil & Gas Analyst at GlobalData, comments: “Indonesia, one of the largest economies in Southeast Asia, is witnessing strong demand for petrochemicals, especially for plastics and fertilizers. Indonesian government plans to minimize dependence on petrochemicals imports by promoting the domestic petrochemical sector to meet the soaring demand.”
Among the upcoming methanol projects in Indonesia, the Air products Bengalon Methanol Plant project leads with a production capacity of 2 MMtpy. The project is expected to start operations in 2025.
GlobalData notes that among the upcoming polypropylene projects, the PT Trans Pacific Petrochemical Indotama Tuban Polypropylene Plant project and Lotte Chemical Corporation Cilegon Polypropylene Plant project lead with a production capacity of 600,000 tpy each. The PT Trans Pacific Petrochemical Indotama Tuban Polypropylene Plant is expected to start operations in 2024 while Lotte Chemical Corporation Cilegon Polypropylene Plant will commence operations in 2025.
2 weeks ago
Pchem is FBMKLCI component stock. KWSP keep buying, its supporting at 6.85, its going to break 7.04, next target 7.40. QR results should improve, dont miss the boat.. Recommended BUY
2 weeks ago
Epf dispose cause need to adjust portfolio for kswp account3, incase some members need immediate CASH...
1 week ago
The results of the Group’s operations are primarily influenced by global economic conditions, petrochemical
products prices which have a high correlation to crude oil price, particularly for the Olefins and Derivatives segment,
utilisation rate of our production facilities and foreign exchange rate movements.
The utilisation of our production facilities is dependent on plant maintenance activities and sufficient availability of
feedstock as well as utilities supply. The Group will continue with its operational excellence programme and supplier
relationship management to sustain plant utilisation level at above industry benchmark.
The Group anticipates product prices for olefins & derivatives to stabilise on steady demand amidst sufficient supply
post regional plant turnaround activities. Fertiliser and methanol product prices will be subdued following lower
fertiliser demand amidst delayed planting season, and ample methanol supply into the region. For specialties, the
Group expects modest recovery in certain end markets, dependent on the overall macroeconomic and supply
demand dynamics.
3 days ago
Lucky could run first for this cyclical business! Tech has better upside than this!
3 days ago
CAPITAL COMMITMENTS
Capital expenditures which have not been provided for at the end of each reporting period are as follows:
In RM Mil
As at 31 March 2024
As at 31 December 2023
Property, plant and equipment:
Approved and contracted for 1,554: 80
Approved but not contracted for 1,988: 3,329
3,542: 3,409
Very soon the cash will be gone too. Then how to pay good dividend?
3 days ago
Petronas Chemicals
PCHEM said profit attributable to shareholders jumped to 668 million ringgit in the first quarter, from 532 million ringgit a year earlier.
Basic earnings per share rose to 0.08 ringgit, versus 0.07 ringgit a year ago, according to a Wednesday Malaysian bourse filing.
Revenue, however, slid year over year to 7.50 billion ringgit from 7.56 billion ringgit, the petrochemicals company said.
The board did not recommend a dividend for the period.
2 days ago
Wait Kenanga's tp baru pick up, better
https://klse.i3investor.com/web/pricetarget/research/71563
2 days ago
Oldboynewnoob Mabel, still good to pick up? At what price?
30/05/2024 5:02 PM
Mabel is waiting to pick up at RM 6.3...
Kenanga price target is also good at RM 6.28..
The Real Trick To Investing Is — Patience.
To Our Success !
Meow
1 day ago
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
Stock Pick Contest Year 2024
2
The Alpha Trader
PARAGON UNION BHD (9407) - A BLUE CHIP COMPANY IN THE MAKING?
3
angelinestment
4
5
THE INVESTMENT APPROACH OF CALVIN TAN
NOTION, JCY & DUFU ARE STILL ON UPTRENDING MODE DUE TO REAL AND FUTURE EARNINGS, Calvin Tan
6
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mohd ImranRafifi
@Mabel. I see. I thought it was Perstorp Sdn. Bhd. (https://perstorp.my/) 😅
2 months ago